The features of the proposed rollover are as follows:
Existing Maturity Date: 16 May 2017
Period of rollover: 1105 days
Extended maturity date: 25 May 2020
The amount of dividend will be entire distributable surplus, as reduced by applicable statutory levy.
The recommended rate of dividend will be Re 0.0500 per unit under each plan / option as on the record date.
a) Mutual Funds / Asset Management Companies (AMCs) can offer instant access facility (through online mode) of upto INR 50,000 or 90% of folio value, whichever is lower, to resident individual investors in liquid schemes by applying lower of Previous Day NAV or Prospective NAV. For providing such facility AMCs would not be allowed to borrow. Liquidity is to be provided out of the available funds from the scheme and AMCs to put in place a mechanism to meet the liquidity demands. This facility can also be used for investment in mutual funds through tie-ups with Payments Banks provided necessary approvals are taken from RBI. Presently, any scheme providing this facility would reduce the limit to INR 50,000, immediately and other than liquid schemes providing this facility would completely stop this facility within one month from the date of circular.
b) Investment of upto INR 50,000 per Mutual Fund per financial year can be made using e-wallets. However, redemptions of such investments can be made only to a bank account of the unit holder. E-wallet issuers must not offer any incentive such as cash back etc., directly or indirectly for investing in mutual fund scheme through them. E-wallet's balance loaded through cash or debit card or net banking, can only be used for subscription to mutual funds schemes and balance loaded through credit card, cash back, promotional scheme etc. should not be allowed for subscription to MF schemes. Further, this limit of INR 50,000 would be an umbrella limit for investment by an investor through e-wallet and/or cash, per mutual fund per financial year.
The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme.
Presently, two options are available under the scheme viz. cumulative and dividend with only dividend payout option.
The scheme will invest 80%-100% of its assets in debt instruments including government securities and invest upto 20% of assets in money market instruments with low to medium risk profile. The scheme will not have any exposure to derivatives and if a scheme decides to invest in securitized debt (Single loan and / or Pool loan Securitized debt), it could be upto 25% of the corpus of the Plan.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
The scheme is proposed to be listed on NSE.
Entry load and exit load charge are not applicable for the scheme.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.
The fund managers of the scheme are Rahul Goswami and Rohan Maru
Accordingly, the proposed changes will be:
SBI Debt Fund Series A - 13, SBI Debt Fund Series A - 20 & SBI Debt Fund Series A - 21:
Existing Maturity Date: 02 May 2017
Period of rollover: 375 days
Revised maturity date: 11 May 2018
SBI Debt Fund Series A - 16:
Existing Maturity Date: 05 May 2017
Revised maturity date: 14 May 2018
Date of rollover: 03 May 2017
Period of rollover: 1108 days
Extended maturity date: 14 May 2020
The scheme will invest 80%-100% of assets in debt instruments including government securities and invest upto 20% of assets in money market instruments with low to medium risk profile.